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Energy

88 Energy hires contractor for Icewine-2 well

“The Arctic Fox is one of the premier rigs on the North Slope and will be coming to us 'warm' off its current job, which has several significant benefits."

88 Energy Limited (LON:88E) has appointed a rig contractor for the upcoming Icewine-2 appraisal well, which is now confirmed for the second quarter of this year.

The company in a statement said that the drilling rig would be mobilised between March 30 and April 30, once the contracted Arctic Fox rig has completed its current job.

Dave Wall, 88 Energy managing director, in a statement said: “We are delighted to be working with Doyon for the upcoming drilling of Icewine-2.

“The Arctic Fox is one of the premier rigs on the North Slope and will be coming to us 'warm' off its current job, which has several significant benefits.

“As soon as the Arctic Fox finishes work associated with its current job, we will be ready to start mobilisation and rig up for Icewine-2. Spud is now scheduled for a few short weeks post our initial plan of late Q1 2017.”

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